South Carolina Code 38-81-400. Examinations
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 38-81-400
- Association: means any joint underwriting association established pursuant to this article. See South Carolina Code 38-81-220
- Department: means the Department of Insurance of South Carolina. See South Carolina Code 38-1-20
- Director: means the person who is appointed by the Governor upon the advice and consent of the Senate and who is responsible for the operation and management of the department. See South Carolina Code 38-1-20
The director or his designee shall make an examination into the financial condition and affairs of the association at least annually and shall file a report thereon with the department, the Governor, and the General Assembly. The expenses of the examination must be paid by the association.